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Credit Cards in the US
25 pages, Oct 2017
US$990Added to Cart
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Executive Summary
New Report Guarantee
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
PROSPECTS
Small purchases now welcome
In 2017, credit cards exhibited the fastest growth in value spend of major card payment types. The growth, however, coexists with robust transaction growth, outpaced only by debit cards, resulting in spending per credit card transaction declining in current value terms.
Metal is the new plastic
The notion of reward credit cards attained new gusto in the latter part of 2016 and the beginning of 2017. Where reward cards in the past have largely catered to either simple cash back or point/mile accrual, new product offerings in 2016 and 2017 pushed super-premium credit cards to the mainstream frontier.
Personally, it just is not in the cards
While the number of commercial credit cards in circulation has stabilised from its pre-Great Recession peak in 2014, personal credit card counts have remained stubbornly subdued and are not anticipated to overcome losses throughout the forecast period. The number of businesses in the country per US Census Bureau data took just three years to recover lost ground from a 2007 peak.
COMPETITIVE LANDSCAPE
JP Morgan upsets card payments landscape
The launch of the Chase Sapphire Reserve super-premium credit card by JP Morgan Chase in August 2016 sent shockwaves through financial cards. For consumers, the new credit card’s steep annual fee of USD450 was easily offset by at least USD1,500 worth of benefits.
Competitors rally to head off latest super-premium launch
American Express, whose Platinum charge card has epitomised premium reward cards for decades, was impacted most directly by the immediate success of Chase Sapphire Reserve. In the subsequent months, it revamped the rewards structure of its Platinum card to reignite interest, while other issuers such as US Bancorp brought premium offerings of its own to consumers.
Costco cuts costs, contracting Citigroup
In June 2016, Citigroup Inc captured perhaps one of the most lucrative card opportunities available in the US by acquiring Costco’s co-brand card portfolio from American Express. Costco, the largest wholesale club retailer in the US in value sales terms, known for operating on marginal profit margins to pass cost savings onto consumers, decided that the high merchant fees of American Express prohibited a contract renewal.
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Overview
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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Request more informationComplete Catalogue
Country Reports
- Credit Cards in Argentina | Oct 2017
- Credit Cards in Australia | Jan 2018
- Credit Cards in Austria | Oct 2017
- Credit Cards in Brazil | Oct 2017
- Credit Cards in Canada | Nov 2017
- Credit Cards in Chile | Oct 2017
- Credit Cards in China | Feb 2018
- Credit Cards in Colombia | Jan 2018
- Credit Cards in Denmark | Oct 2017
- Credit Cards in Egypt | Nov 2017
- Credit Cards in France | Oct 2017
- Credit Cards in Germany | Oct 2017
- Credit Cards in Greece | Oct 2017
- Credit Cards in Hong Kong, China | Oct 2017
- Credit Cards in Hungary | Oct 2017
- Credit Cards in India | Nov 2017
- Credit Cards in Indonesia | Oct 2017
- Credit Cards in Israel | Oct 2017
- Credit Cards in Italy | Oct 2017
- Credit Cards in Japan | Nov 2017
- Credit Cards in Malaysia | Oct 2017
- Credit Cards in Mexico | Nov 2017
- Credit Cards in Morocco | Oct 2017
- Credit Cards in Nigeria | Jan 2018
- Credit Cards in Norway | Oct 2017
- Credit Cards in Poland | Oct 2017
- Credit Cards in Portugal | Oct 2017
- Credit Cards in Romania | Oct 2017
- Credit Cards in Russia | Feb 2018
- Credit Cards in Saudi Arabia | Oct 2017
- Credit Cards in Singapore | Oct 2017
- Credit Cards in South Africa | Jan 2018
- Credit Cards in South Korea | Oct 2017
- Credit Cards in Spain | Oct 2017
- Credit Cards in Sweden | Oct 2017
- Credit Cards in Taiwan | Oct 2017
- Credit Cards in Thailand | Nov 2017
- Credit Cards in the Czech Republic | Feb 2018
- Credit Cards in the Netherlands | Oct 2017
- Credit Cards in the Philippines | Oct 2017
- Credit Cards in the United Arab Emirates | Oct 2017
- Credit Cards in the United Kingdom | Oct 2017
- Credit Cards in Turkey | Oct 2017
- Credit Cards in Ukraine | Nov 2017
- Credit Cards in Venezuela | Oct 2017
- Credit Cards in Vietnam | Jan 2018
Complete Catalogue
Country Reports
- Credit Cards in Argentina | Oct 2017
- Credit Cards in Australia | Jan 2018
- Credit Cards in Austria | Oct 2017
- Credit Cards in Brazil | Oct 2017
- Credit Cards in Canada | Nov 2017
- Credit Cards in Chile | Oct 2017
- Credit Cards in China | Feb 2018
- Credit Cards in Colombia | Jan 2018
- Credit Cards in Denmark | Oct 2017
- Credit Cards in Egypt | Nov 2017
- Credit Cards in France | Oct 2017
- Credit Cards in Germany | Oct 2017
- Credit Cards in Greece | Oct 2017
- Credit Cards in Hong Kong, China | Oct 2017
- Credit Cards in Hungary | Oct 2017
- Credit Cards in India | Nov 2017
- Credit Cards in Indonesia | Oct 2017
- Credit Cards in Israel | Oct 2017
- Credit Cards in Italy | Oct 2017
- Credit Cards in Japan | Nov 2017
- Credit Cards in Malaysia | Oct 2017
- Credit Cards in Mexico | Nov 2017
- Credit Cards in Morocco | Oct 2017
- Credit Cards in Nigeria | Jan 2018
- Credit Cards in Norway | Oct 2017
- Credit Cards in Poland | Oct 2017
- Credit Cards in Portugal | Oct 2017
- Credit Cards in Romania | Oct 2017
- Credit Cards in Russia | Feb 2018
- Credit Cards in Saudi Arabia | Oct 2017
- Credit Cards in Singapore | Oct 2017
- Credit Cards in South Africa | Jan 2018
- Credit Cards in South Korea | Oct 2017
- Credit Cards in Spain | Oct 2017
- Credit Cards in Sweden | Oct 2017
- Credit Cards in Taiwan | Oct 2017
- Credit Cards in Thailand | Nov 2017
- Credit Cards in the Czech Republic | Feb 2018
- Credit Cards in the Netherlands | Oct 2017
- Credit Cards in the Philippines | Oct 2017
- Credit Cards in the United Arab Emirates | Oct 2017
- Credit Cards in the United Kingdom | Oct 2017
- Credit Cards in Turkey | Oct 2017
- Credit Cards in Ukraine | Nov 2017
- Credit Cards in Venezuela | Oct 2017
- Credit Cards in Vietnam | Jan 2018